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Pepperstone Crypto Review for 2024

Pepperstone
4.2

Australia-based Pepperstone is a leading broker that offers crypto CFD trading. This means you can speculate on crypto price movements without setting up a digital wallet or worrying about your coins being hacked. The broker provides traders with access to innovative technology and superior trading conditions. Pepperstone has won several awards, including Best Broker in the World by InvestinGoal in 2021. With Pepperstone, you can trade more than 20 of the top cryptos via CFDs, including Bitcoin, Ethereum, Dogecoin, Solana, and Avalanche. Pepperstone offers the most popular trading platforms, like cTrader, MetaTrader 4, MetaTrader 5, and TradingView.

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Pros & Cons

  • Pros
  • 24/7 trading in crypto CFDs
  • Leverage of 10:1 on all platforms
  • Award-winning customer support
  • Superior trading tools and insights
  • Cons
  • No negative balance protection for clients other than in the UK and EU

Pepperstone Overview

Pepperstone is a regulated broker, who offers crypto CFDs trading to its clients across 180 countries on a leading trading platforms with excellent trading conditions. With high liquidity and fast execution, they boast a 99.92% fill rate for crypto CFD trading.

  • Overall
    4.5
  • Fees
    5.0
  • Deposit and withdrawal
    4.5
  • Asset selection
    4.5
  • Ease of account opening
    5.0
  • Regulation and security
    4.0
General info
Headquarters Australia
Website https://pepperstone.com/
Website Languages English, Spanish, Chinese, 3+
Regulated check
Country of Regulation Australia, Bahamas, Cyprus, Dubai, Germany, Kenya, UK
Regulation Type FCA / CySEC / ASIC / SCB / DFSA / BaFin / CMA
Account Base Currencies EUR / USD / CAD / AUD / GBP / JPY / CHF / HKD / NZD / SGD
Staking and Rewards uncheck
Minimum Deposit $0
Deposit Fee $0
Deposit Types Bank wire / Credit Card / PayPal / Skrill / Neteller / POLi Payments / BPAY / China UnionPay
Minimum Withdrawal $0
Withdrawal Fees $0
Crypto-to-Crypto Trading Pairs uncheck
Cryptocurrencies as CFDs check
Islamic Account check
Demo Account check
Research & Education Tools check
Customer Support Email / Live chat / Phone
Customer Support Languages English
Support Days & Hours 24/7
Automated Trading check
Social Trading uncheck
Copy Trading check

Company Background

Pepperstone was founded in 2010 by Owen Kerr and Joe Davenport to offer efficient online trading services at low cost. Australia-based Pepperstone also has offices in London, Cyprus, Dusseldorf, Melbourne, Kenya, and Dubai and is regulated in 7 jurisdictions. Offering over 1,200 instruments for CFD trading, the broker is known for its quick account opening and fast execution.

Pepperstone has won several awards for providing excellent customer service, trading conditions, performance tools, execution, loyalty programs and more. They were named #1 for Overall Client Satisfaction by Investment Trends Australia.

The company offers two types of accounts – the Standard Account for new traders in which all commissions are built into the spread and the Razor account for experienced traders. Pepperstone also offers a lot of educational resources for new traders.

Unique Features

Pepperstone supports crypto CFD trading over weekdays and weekends. It offers 24/7 CFD trading in Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ripple, Polkadot and more cryptocurrencies. New traders can begin on the MetaTrader 4 or 5 platforms. You can choose social trading or copy trading, where you can copy trades of popular traders while learning how to improve your own trading strategy. There are tools like DupliTrade to automate trading and MetaTrader Signals for accessing trading strategies and signals from successful traders. As you progress, you can easily integrate your chosen platform with TradingView, which has advanced charting tools and a community of over 30 million traders. You also get access to Capitalise.ai for free, which provides code free trading automation and has a vast library of advanced trading strategies to choose from.

Pepperstone Crypto Fees

The trading fees depend on whether you have a Standard or Razor account. For Standard account users, there are no trading fees to consider except the spread.

FeesAmount
Deposit Fee $0
Credit/Debit card Deposit Fees $0
E-wallets Deposit Fees $0
Bank transfer Deposit Fees $0
Withdrawal Fee $0
Credit/Debit card Withdrawl Fees $0
E-wallets Withdrawl Fees $0
Bank transfer Withdrawl Fees $20
Inactivity Fees uncheck
Swap Fees(Instead of Overnight Fees) check
Spread / Commission Fees check
Currency conversion Fee check
Max Leverage 1:10
Minimum Spread 30.0

Trading Fees

If you are a new trader, it is best to open a Standard account with Pepperstone, as all fees are reflected in the spread. Despite this, the spreads are tight.

Non-Trading Fees

There is no deposit or withdrawal fee, except for what your bank or payment provider may charge. Pepperstone does not charge inactivity fees either.

Deposit & Withdrawal

Funding methodSupportedMinimum DepositMinimum Withdrawal
Bank wire check $0
Credit Card check $0 $0
PayPal check $0 $0
Skrill check $0 $0
Neteller check $0 $0
FastPay uncheck
UnionPay check $0 $0
PayRedeem uncheck
PerfectMoney uncheck
POLi Payments check $0 $0
Przelewy 24 uncheck
Payoneer uncheck
Rapid Transfer uncheck
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Can I Trade Crypto with Pepperstone?

Our Daily-Crypto.com review confirmed that yes, you can trade cryptos via CFDs with Pepperstone. This means that you speculate on price fluctuations, rather than having to bother with buying and selling cryptocurrencies. There is no need to open a digital wallet and store your coins. When trading crypto CFDs, you can find opportunities in both bullish and bearish markets. So, you can go long or short on your chosen cryptocurrencies. Certain crypto CFDs are available for trading even after hours and over the weekends. You also have the flexibility of using leverage offered by Pepperstone, which can increase your exposure up to 10x of your capital.

Supported Cryptocurrencies

Coin nameCoin SymbolCoin icon
BitcoinBTCBitcoin
EthereumETHEthereum
AvalancheAVAXAvalanche
BinanceBNBBinance
CardanoADACardano
ChainlinkLINKChainlink
DogecoinDOGEDogecoin
EOSEOSEOS
LitecoinLTCLitecoin
PolkadotDOTPolkadot
PolygonMATICPolygon
RippleXRPRipple
SolanaSOLSolana
StellarXLMStellar
UniswapUNIUniswap

Among the crypto indices are:

  • Crypto 10 Index (Crypto10)
  • Crypto 20 Index (Crypto20)
  • Crypto 30 Index (Crypto30)

Pepperstone Trading Platforms

PlatformSupported
Proprietary Platform uncheck
MetaTrader 4 (MT4) check
MetaTrader 5 (MT5) check
cTrader check
DupliTrade check
ZuluTrade uncheck

Pepperstone offers several platforms that suit different trading styles. Their mobile apps are compatible for iOS and Android. If you are looking to trade via your mobile, you have the option to choose from:

  • MetaTrader 4 – This is good for beginners. It comes with a wider range of tools that help you identify high-probability trades and execute them efficiently. The app supports a high degree of customisation.
  • MetaTrader 5 – This offers much more customisation than MT4 as well as more trading charts and tools. Its inbuilt indicators and other trading tools help improve your crypto CFD trading experience.
  • cTrader – This CFD trading platform offers diverse charting tools, advanced order management settings, price alerts, trade statistics, as well as fast entry and execution. It has features like one-click trading, payment gateway integration and a variety of other settings to customize the platform.

How Do I Open a Pepperstone Account?

The process of opening a Pepperstone account is simple and fast. Here are the steps to follow:

Step 1 – Go to Pepperstone’s website and register for a live trading account. This involves entering your details and creating a password.

Step 2 – Submit your identification details to complete your KYC. This involved uploading the following documents:

A valid ID document (must have your full name and date of birth):

  • Passport (photo page only)
  • Government-issued photo ID

A valid proof of address:

  • Utility bills: gas, electric, or phone
  • A bank or credit card statement (photo/scan of a physical letter or PDF of statement)
  • A council tax bill or rates bill
  • Tax statement
  • Driver’s license (with a photo)
  • Any other government or financial institution-issued document

Step 3 – Once Pepperstone has verified your identity, you will receive an approval email.

Step 4 – You can now log in to the Secure Client Area and fund your Pepperstone account to start trading.

How to Start Trading Cryptocurrency on Pepperstone?

You can trade crypto CFDs on Pepperstone’s platforms once you open a live account. Once you have done this, you can log in to the Secure Client Area and start trading.

Here are the steps to begin trading crypto CFDs with Pepperstone:

  • Open a live account by providing all the required information.
  • Fund your account.
  • Download the trading platforms offered by Pepperstone for free. You can choose MT4, MT5, or cTrader.
  • You can also connect to TradingView. This can be done directly from your Pepperstone trading account.

Is My Crypto Safe with Pepperstone?

Yes. This is because Pepperstone allows trading in crypto CFDs. You do not buy or hold the actual coins. A CFD allows you to speculate on price movements of your chosen cryptocurrencies without needing to purchase the coins and store them in a wallet. This means there is no risk of having your cryptocurrencies stolen. Moreover, Pepperstone is a regulated broker than adheres to guidelines that protect trader interests.

Regulation and Security

Country of the RegulatorName of the RegulatorLicence Number
AustraliaAUSTRAC – Australian Transaction Reports and Analysis CentreAFSL 414530
KenyaCMA – Capital Markets Authority128
GermanyBaFin – Bundesanstalt für Finanzdienstleistungsaufsicht151148
United KingdomFCA – Financial Conduct Authority684312
United Arab EmiratesDFSA – Dubai Financial Services AuthorityF004356
CyprusCySEC – Cyprus Securities & Exchange Commission388/20
BahamasSCB – Securities Commission of the BahamasSIA-F217
AustraliaASIC – Australian Securities & Investment CommissionAFSL 414530

Pepperstone has two-factor authentication in place. The company has also implemented data encryption, firewalls, intrusion detection systems and virus scanning tools to protect against viruses and hackers.

Customer Service

Customer Support
Days Monday to Friday
Hours 24/7
Live Chat check
Email check
Phone check
Supported Languages English
How fast was customer support when we tried? Normal

Conclusion

Pepperstone is a reliable and regulated broker that offers crypto CFD trading with tight spreads and with good trading conditions. While supporting the MT4, MT5 and cTrader platforms, Pepperstone has partnerships with several third-party providers to offer traders a plethora of tools for free. They offer excellent customer service and have a wide range of educational resources.

FAQ

  • Is Pepperstone regulated?
    Yes, Pepperstone is regulated by the ASIC, FCA, CySEC, SCB, CMA, BaFin and DFSA.
  • Is Pepperstone good for beginners?
    Pepperstone is an excellent choice for beginner traders. Its quick account opening, excellent customer service, fast execution, and vast educational resources ensure that new traders can exploit opportunities in crypto CFD trading. Beginners can open a Standard account with Pepperstone to start trading crypto CFDs with minimal charges.
  • Does Pepperstone accept Bitcoin?
    No, Pepperstone does not accept Bitcoin or any other cryptocurrency for funding your account.
  • What is the minimum deposit required to trade with Pepperstone?
    Pepperstone has no minimum deposit requirement. However, Pepperstone does recommend traders deposit A$200 or equivalent to enjoy a good trading experience.
  • Can Americans use Pepperstone?
    No, Americans cannot use Pepperstone, because Pepperstone does not accept US persons as clients.
author
About Niki Nikolaou
With 25+ years of financial marketing experience, Niki has an extensive knowledge of the forex, fintech, stocks and cryptocurrency sectors. Niki is a founder and director at the Contentworks agency.